By Lindsay Street, Statehouse correspondent | Sometime in the last year or so, the retiree population began to outnumber school-age children in South Carolina. The burgeoning elder population is following the national trend from aging baby boomers, but the state is also seeing many move here from out-of-state.
And that could lead to a tough conversation on senior tax exemptions and the budget, according to tax experts. This week, S.C. House members unveiled a proposed tax reform that would slash many senior tax exemptions — similar to a 2012 move in Michigan, which sought to flatten its tax code.
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